PepsiCo (NASDAQ:PEP) Shares Down 1% - Time to Sell?

Shares of PepsiCo, Inc. (NASDAQ:PEP - Get Free Report) were down 1% during mid-day trading on Monday . The company traded as low as $141.17 and last traded at $141.46. Approximately 925,348 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 6,087,972 shares. The stock had previously closed at $142.84.

Wall Street Analyst Weigh In

PEP has been the topic of a number of research reports. JPMorgan Chase & Co. upped their price target on shares of PepsiCo from $158.00 to $159.00 and gave the stock a "neutral" rating in a research note on Monday. CICC Research restated a "market perform" rating on shares of PepsiCo in a report on Friday, February 7th. Bank of America reiterated a "neutral" rating and issued a $155.00 target price (down from $185.00) on shares of PepsiCo in a research note on Tuesday, April 15th. Jefferies Financial Group lowered shares of PepsiCo from a "buy" rating to a "hold" rating and dropped their price target for the stock from $171.00 to $170.00 in a research note on Wednesday, March 12th. Finally, BNP Paribas decreased their price objective on shares of PepsiCo from $162.00 to $160.00 and set a "neutral" rating for the company in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $167.76.

PepsiCo Stock Performance

The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The firm's 50-day moving average price is $148.16 and its two-hundred day moving average price is $154.74. The firm has a market capitalization of $193.25 billion, a price-to-earnings ratio of 20.28, a price-to-earnings-growth ratio of 3.09 and a beta of 0.49.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.94 by $0.02. The company had revenue of $27.78 billion during the quarter, compared to analysts' expectations of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business's revenue was down .2% on a year-over-year basis. During the same period last year, the business earned $1.78 earnings per share. Sell-side analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were paid a $1.355 dividend. The ex-dividend date was Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.85%. PepsiCo's dividend payout ratio (DPR) is presently 77.99%.

Institutional Investors Weigh In On PepsiCo

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tcfg Wealth Management LLC boosted its position in PepsiCo by 3.5% in the 4th quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company's stock valued at $295,000 after buying an additional 66 shares during the last quarter. Lincoln Capital LLC grew its position in shares of PepsiCo by 0.4% during the 4th quarter. Lincoln Capital LLC now owns 16,808 shares of the company's stock worth $2,556,000 after buying an additional 70 shares during the period. Marshall Financial Group LLC boosted its stake in PepsiCo by 2.3% in the fourth quarter. Marshall Financial Group LLC now owns 3,128 shares of the company's stock valued at $476,000 after acquiring an additional 70 shares during the last quarter. Osprey Private Wealth LLC lifted its stake in shares of PepsiCo by 0.5% in the 4th quarter. Osprey Private Wealth LLC now owns 15,060 shares of the company's stock valued at $2,290,000 after purchasing an additional 70 shares during the period. Finally, TAGStone Capital Inc. lifted its stake in PepsiCo by 2.8% in the fourth quarter. TAGStone Capital Inc. now owns 2,527 shares of the company's stock valued at $388,000 after buying an additional 70 shares during the period. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Company Profile

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.

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